Higher numbers than forecast tend to be bullish for USD/xxx pairs and bearish for xxx/USD pairs.
The typical/expected impact on USD pairs is medium.
The consensus forecast for NY Empire State Manufacturing Index is -3.9. A higher value than forecast tends to be bullish for USD/xxx pairs and bearish for xxx/USD pairs.
The most recent announced value for NY Empire State Manufacturing Index was -4.7 against a forecast of -6.
Recent economic data has been moderately bullish for USD. Other recent announcements which may affect the market's interpretation of the next NY Empire State Manufacturing Index result:
Country: | United States |
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Currency: | USD |
Source: | Federal Reserve Bank of New York |
Category: | Economic Activity |
Frequency: | Monthly |